Central Banks Not the Only Reason for Emerging Market Surge

  • Countries are rebuilding reserves afer they sank in early ’16
  • Average company earnings rose 47 percent in 2Q from 2Q 2015

Morning Meeting: Will the EM Rally Continue?

It’s become all too common to attribute the surge in emerging-market assets this year to the cheap cash sloshing around the world courtesy of central banks. But that’s only half the story.

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